Mainland China leads losses in Asia markets as investors assess Japan pay and household spending data

This is CNBC's live blog covering Asia-Pacific markets.

Asia-Pacific markets mostly fell Friday, with investors assessing November pay and household spending out from Japan.

Real household spending in Japan fell 0.4% year on year in November, a softer fall compared to the 0.6% decline expected by a Reuters poll of economists. The fall was also less than the 1.3% decline seen in October.

The average real income per household stood at 514,409 yen ($3,252.98) in November, up 0.7% from the previous year.

Separately, the People's Bank of China announced it it would suspend treasury bond purchases temporarily, Reuters reported. This was due to the bonds being in short supply, with the PBOC adding it would resume bond buying depending on supply and demand in the government bond market.

Hong Kong's Hang Seng index lost 0.95% in its final hour of trade, after initially posting gains, while mainland China's CSI 300 was down 1.25% to close at 3,723.48, its lowest level since September 2024 and leading losses in Asia.

Japan's Nikkei 225 fell 1.05% and closed at 39,190.4, marking a third straight day of losses. Heavyweight Fast Retailing lost as much as 7.83% despite posting strong first-quarter results.

The broad-based Topix saw a smaller loss of 0.8%, finishing at 2,714.12.

South Korea's Kospi fell 0.24% and closed at 2,515.78, snapping a five-day winning streak. The small-cap Kosdaq was down 0.78% to 717.89, also breaking seven straight days of gains.

Australia's S&P/ASX 200 slipped 0.42% to 8,294.1, after being in positive territory earlier in the session.

Overnight in the U.S., markets were closed on Thursday due to the funeral of former president Jimmy Carter, but traders will assess labor data on Friday stateside, with nonfarm payroll